Updated Oct 28, 2024
Stewart School Lofts LLC Acquires Multifamily Property In Chicago For $23M
4525 North Kenmore Avenue, Chicago, Illinois 60640, United States
$23,000,000
Units
64
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
The multifamily property located at 4525 North Kenmore Avenue in Chicago has been sold for a total price of $23,000,000. The transaction took place on April 29, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $23,000,000
- Units: 64
- Price Per Unit: $359,375
The seller of the property was Morningside USA, represented by David Strosberg. The buyer was Stewart School Lofts LLC. The property consists of 64 units, and each unit was sold at an average price of $359,375. The transaction was carried out by David Strosberg from Morningside USA.
On the Map
$23,000,000
MultiFamily
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Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93